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Onit
AddedFeb 13, 2024
UpdatedJun 18, 2026
Onit

Onit

Onit Inc. offers AI-powered business process automation and legal management software solutions globally.

HQ
Houston, TX, US
Founded
2011
Overview
Compare
Fundraising
Employees
Website

Founded in 2010, Onit Inc. is dedicated to revolutionizing business process automation and legal management through AI-powered software solutions. The company's core mission is to enhance productivity and streamline workflows for corporate legal departments and other business units. Onit's suite of products includes enterprise legal management, contract lifecycle management, and AI-enabled workflow automation tools, all designed to modernize operations and improve efficiency for businesses worldwide.

Notable figures associated with Onit include its co-founder and CEO, Eric M. Elfman, who has been instrumental in steering the company's vision. Onit has attracted significant investment from firms such as K1 Investment Management. Key achievements include being recognized as a leader in the legal tech space and successfully deploying its solutions to a global client base. Onit's impact is evident in its ability to help companies operate more efficiently, thereby transforming how legal departments and other business units function in the modern era.

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Onit - Quick Facts

Who are Onit's competitors?

Companies similar to Onit include Ontra, Case.one, LegalMation and Ironclad.

When was Onit founded?

Onit was founded in 2011.

Where is Onit's headquarters located?

Onit's headquarters is located in Houston, TX, US.

When was Onit's last funding round?

Onit's most recent funding round was for $200M (USD) in January 2019.

How much has Onit raised to-date?

As of Jan 8, 2019, Onit has raised a total of $216.6M (USD).

How many employees does Onit have?

Onit has 371 employees as of Feb 4, 2024.

Onit - Classification

Industry
  • Professional Service Companies
Ownership
  • Private Equity
  • Venture Capital
Technology
  • AI
  • Machine Learning
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Software
Main Product
  • Automation Software
  • Legal Software
Tags
  • LegalTech
  • SaaS
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software
Show 6 more industry codes
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7371Computer Programming Services